Bringing you live news and features since 2006 

21Shares launches ETP offering single asset exposure to Lido DAO


21Shares has announced the launch of the 21Shares Lido DAO ETP (LIDO). The firm writes that this product offers investors first-of-its-kind single asset exposure to Lido DAO, the market-leading liquid staking solution for various Proof-of-Stake (PoS) blockchains, including Ethereum, Polygon and Solana.

Lido’s mission is to make staking simple, secure and decentralised. It does so by enabling users to stake their assets and receive an equal amount of staked tokens (“stTokens”) in return, which accrue staking rewards. These stTokens can then also be traded on the secondary market and used within DeFi applications, a process known as “liquid staking.” 

Liquid staking allows users to access the benefits of staking without facing lock-up periods or high minimum staking amounts that can place staking out-of-reach for many everyday investors. Lido is the largest liquid staking provider, responsible for USD13.33 billion in total value locked out of the combined USD19.53 billion in total value locked across the space as a whole. With the 21Shares Lido DAO ETP, investors have a simplified and secure way to gain exposure to the growth of liquid staking through an ETP that is fully collateralised, with institutional grade security and custody solutions.

“The 21Shares Lido DAO ETP was launched to offer investors exposure to liquid staking, one of the fastest-growing segments in the digital asset space,” says Arthur Krause, Director of ETP Product at 21Shares. “Lido DAO’s position as a pioneer and market-leader make this an ideal entry point for investors looking to participate in the growth of this important sector.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by